Finance Score: -2

Governance Score: 0

Support Score: 2

Multiple Deficits and declines: -5
Fundraising costs low: +3

Narrow trustee age band: -2
Dynamic board: +3
Mainly male board: -1

Overall weighted support: +2

Overall GiG Score: 0

OPERA RARA

In September 2020 we released Anima Rara, the debut recital recording by Ermonela Jaho. In January 2021 we released our recording of Donizetti's Il Paria in collaboration with the Britten Sinfonia. Due to the Covid pandemic there were no live performances and we had to postpone our planned recording of Donizetti's Il Furioso.

Analysis by Giving is Great

Positives:

The charity has received modest backing from a grant maker recently
Spending has increased over the last 3 years relative to the previous period
Fundraising costs are low relative to funds raised
The Board appears to be dynamic in terms of composition

Regulatory & Governance issues to consider:

The Board is predominantly male
The Board has little diversity in terms of age

Financial issues to consider:

Income has been volatile and on several occasions in recent years less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/03/23	£710	£914	£-204	£65	£677	£675	8.9	4	0
31/03/22	£732	£546	£186	£80	£881	£875	19.2	4	0
31/03/21	£930	£339	£591	£68	£695	£637	22.5	4	0
31/03/20	£354	£697	£-343	n/a	n/a	n/a	n/a	n/a	n/a
31/03/19	£503	£681	£-178	£106	£447	£437	7.7	3	0
31/03/18	£946	£470	£476	£83	£625	£616	15.7	3	0
31/03/17	£796	£1,002	£-206	£101	£148	£131	1.6	3	0
31/03/16	£630	£690	£-60	£96	£354	£309	5.4	3	0
31/03/15	£557	£862	£-305	£53	£414	£388	5.4	3	0
31/03/14	£510	£712	£-202	£76	£719	£700	11.8	3	0
31/03/13	£431	£576	£-145	n/a	n/a	n/a	n/a	n/a	n/a
31/03/12	£445	£468	£-23	n/a	n/a	n/a	n/a	n/a	n/a
31/03/11	£800	£752	£49	£56	£1,138	£1,090	17.4	3	0
31/03/10	£312	£152	£160	n/a	n/a	n/a	n/a	n/a	n/a
31/03/09	£1,344	£1,486	£-143	£33	£988	£924	7.5	4	0
31/03/08	£1,204	£1,282	£-79	£8	£1,130	£1,130	10.6	4	0
31/03/07	£1,273	£1,340	£-67	£38	£1,209	£1,007	9	3	0
31/03/06	£1,448	£1,177	£271	n/a	n/a	n/a	n/a	n/a	n/a
31/03/05	£1,286	£983	£303	n/a	n/a	n/a	n/a	n/a	n/a
31/03/04	£1,409	£1,224	£186	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 9.3%
Fundraising Costs/Total Spending: 7.2%
Senior Staff Costs/Total Spending: 10%
Highest pay band: £70,000-£80,000
Liabilities/Assets: 20%
Liabilities/Income: 24%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 8.9 months
Net Current Assets/Spending: 9 months
Quick Ratio: 3.8

Asset Split ?

Balance Sheet History

Established: 54 years

http://www.opera-rara.com

info@opera-rara.com

02076132858

Charity Commission for England and Wales

Listed activities

Arts/Culture/Heritage/Science
Education/Training

GiG Classification

Performing and visual arts

How it operates

Sponsors or undertakes research

Where it operates

Throughout London,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
Backstage Trust - Fund raising grant
£10,000	22/02/2023	Contribution to salary for a Development and Events Coordinator

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Based on 9/10 persons

Age Range of Trustees: 54-71

ALISON NICOL OPTIONAL Appointed: 2016, Occupation: Company Director

ADOLFO LUIGI LAURENTI Appointed: 2021, Occupation: Economist

CHARLES ALEXANDER (Chair) Appointed: 2012, Occupation: Chief Executive (Rtd)

GLENN CHARLES HURSTFIELD Appointed: 2003, Occupation: Solicitor

ISLEE OLIVA SALINAS Appointed: 2012, Occupation: Charity Worker

NICHOLAS JAMES THOMAS Appointed: 2019, Occupation: Chartered Accountant

PETER BRUCE MAULEVERER KC Appointed: 2023

PHILIP WILLIAM EISENBEISS Appointed: 2023, Occupation: Executive Search Consultant

SIMON ANTHONY MORTIMORE KC Appointed: 2015

TERENCE RHODES SINCLAIR Appointed: 2021, Occupation: Investment Banker

Legal constitution

Charitable company registered in England & Wales on 05/08/1970, number: 261403
Registered at Companies House on 19/06/1970, number: 00982535

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Bullying and harassment policy and procedures
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

20 returns made; all on time

Main office

Studio 11 Cloisters House
8 Battersea Park Road
London
SW8 4BG

Objectives

The Charity?s objects are specifically restricted to the following: To advance the education of the public by encouraging and promoting the study of operatic art and in particular the lesser-known works of operatic art through research, making recordings for sale and distribution to the public and performance in public concerts and by such other activities as the trustees shall think fit; To further the education of young singers and artists by providing opportunities to partake in operatic and orchestral performances and concerts; To encourage and support for the public benefit all art forms, particularly but not exclusively involving operatic art and other forms of music, including other cultural and educational activities in order to make these more accessible to the public; and To benefit any charity and to further any purposes in the operatic sector which are charitable in accordance with the laws of England and Wales. This provision may be amended by special resolution but only with the prior written consent of the Commission.

Defined Area of Benefit:

NOT DEFINED

Data Sources

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